406 Union St, Vancouver, BC | MLS^® R3082701 Property Details

HIP-O Building Cool Strathcona 3 Storey 15 Unit Historic lncome Bldg near Chinatown, mins D/T, 1 Blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt, reno'd in 2016 Main Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed. Each Flr has modern kitchen, 2 baths etc. 1500 SF Bsmt has laund, bike storage, lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest are unrestricted market rentals. 1910 Character Bldg, upgraded, sprinklered, redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed & maintained w good Tenants. Great hands off investment, or for non-profit housing Seller consider VTB 2nd mortgage. Showing w 2 Day Notice. Cll LS for info pkg, viewing

General Info

Price $2,595,000

Total Bedrooms 14

Total Bathrooms 7

Half Bathrooms 0

Floor Area Total (sqft) 4575

Lot Size 1525

Lot Size Depth Feet

Lot Size Frontage 50

Basement Full, Partially Finished

Basement Features BasementFeatures

Property Metrics

Year Built 1910

Age Of Building 116

Building Type Other

Property Type Residential Income

Stories 3

Building Features BuildingFeatures

Structures Multi Family

Additional Details

MLS^® # R3082701

Area Vancouver East

Neighbourhood Strathcona

City Vancouver

Gross Taxes $8,399.01

Ownership Type Freehold NonStrata

Maintenance Fee -

Fixtures Included -

Heating & Cooling

Fireplace -

Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type None

Total Parking Spaces 0

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Strata Restrictions -

Rental Restrictions -

Zoning RT-3

Rental Suites -

# of Kitchens 5

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features No Outdoor Area

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Torch-On

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	10' x 10' ft
Main Level	Kitchen	6' x 6' ft
Main Level	Bedroom	13' x 13' ft
Main Level	Living Room	12' x 12' ft
Main Level	Kitchen	8' x 8' ft
Main Level	Bedroom	10' x 10' ft
Main Level	Loft	10' x 10' ft
Main Level	Living Room	13'6 x 13'6 ft
Main Level	Kitchen	7' x 7' ft
Above Level	Kitchen	14'6 x 14'6 ft
Above Level	Bedroom	10'6 x 10'6 ft
Above Level	Bedroom	8' x 8' ft
Above Level	Bedroom	10' x 10' ft
Above Level	Den	8' x 8' ft
Above Level	Bedroom	10'6 x 10'6 ft
Above Level	Bedroom	7' x 7' ft
Above Level	Bedroom	7' x 7' ft
Abv Main 2	Kitchen	14'6 x 14'6 ft
Abv Main 2	Study	10' x 10' ft
Abv Main 2	Bedroom	17' x 17' ft
Abv Main 2	Bedroom	11' x 11' ft
Abv Main 2	Bedroom	8' x 8' ft
Abv Main 2	Bedroom	16' x 16' ft
Abv Main 2	Bedroom	7' x 7' ft
Abv Main 2	Bedroom	11' x 11' ft
Below	Laundry	12' x 12' ft
Below	Storage	43' x 43' ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4
Main Level	No	#4
Main Level	No	#3
Above Level	No	#3
Above Level	No	#3

Listed by: RE/MAX Real Estate Services

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary

Britannia Community Secondary School

1.8 km

Elementary

Lord Strathcona Community Elementary School

1.52 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

St. Francis Xavier

1.21 km

9.8/10

Excellent

Secondary

Columbia College

0.66 km

Closest Transit

Bus Stop

Eastbound Prior St @ Dunlevy Ave

0.1 km

Skytrain

Skytrain @ Main Street Stn

0.61 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 406 Union Street, a charming residence located in the heart of Vancouver's Strathcona neighborhood. As your trusted realtor, I'm excited to guide you through this beautiful property, highlighting its unique features and the wonderful community it calls home.

Education

When it comes to education, this property is serviced by two excellent schools. Lord Strathcona Community Elementary School, with a rating of No Rating, is just 1.52 km away. This school is highly regarded for its dedicated teachers and supportive environment. Britannia Community Secondary School, also with a rating of No Rating, is a short 1.8 km from the property. For families who value education, this neighborhood offers a strong sense of community and a commitment to academic excellence.

For those seeking a more independent education, St. Francis Xavier, an Elementary school with a rating of 9.8/10, is just 1.21 km from the property. This school is known for its rigorous curriculum and personalized approach to learning. For Secondary education, Columbia College, with a rating of No Rating, is a convenient 0.66 km from the property.

Safety and Crime Rates

According to the latest crime statistics from Statistics Canada (2020), the neighborhood surrounding 406 Union Street, Vancouver, BC has an overall crime rate of 7,470.82, which is Average compared to other Canadian cities. This suggests a relatively safe and stable community. When compared to other neighborhoods, the rate of drug-related crimes is Average, with a rating of 229.49 and 1,604 incidents in 2020. Property crimes in the area are Above Average, with a rating of 5,020.27 and 35,089 incidents in 2020. Violent crime rates are Below Average, with a rating of 1,311.69 and 9,168 incidents in 2020.

Demographics and Lifestyle

The neighborhood surrounding 406 Union Street is a diverse and vibrant community. With 20.6% of residents holding a university certificate or degree, this area is Average in terms of education. However, 32.9% of the population has no certificate or degree, which is High compared to the average in BC. The median household income in the area is $24,299, which is Low compared to the British Columbia average. The median personal income is $17,496, also Low.

The neighborhood is a hub of activity, with a mix of renters and homeowners. A staggering 85.5% of the population are renters, making this area a popular choice for those looking for affordable housing options.

Transportation and Commuting

Getting around is a breeze in this neighborhood. The closest bus station, Eastbound Prior St @ Dunlevy Ave, is just 0.1 km away from the property. With 29.9% of residents using public transportation, this area is well-connected to the rest of Vancouver.

Real Estate and Community

The average value of dwellings in the neighborhood is $583,725, which is High compared to other areas in British Columbia. The average owner payments are $1,599, making this a desirable area for homeowners. For renters, the average monthly payment is $741, which is Low compared to other cities.

In terms of language, 8.9% of the population speaks both English and French, which is Average. However, 66.6% of residents speak only English, making this area a predominantly English-speaking community.

Conclusion

406 Union Street, Vancouver, BC (MLS^® R3082701) is a beautiful property located in the heart of Strathcona. With its excellent schools, relatively safe community, and vibrant lifestyle, this neighborhood is a hidden gem in Vancouver. Whether you're a first-time buyer or an experienced homeowner, this property offers a unique opportunity to be a part of a close-knit community with access to all the amenities Vancouver has to offer.

As your trusted realtor, I invite you to explore this property and discover all it has to offer. Contact me today to schedule a viewing and make 406 Union Street your home.